Euro coin

Last week’s ECB meeting, although guarded in some aspects made it clear to the markets that the ECB will be announcing its taper decision at the October meeting. The strong rally in the common currency this year suggests that the markets already know the outcome of the next meeting. In a way, the euro is uniquely positioned which is also favor...

2017-10-22 John Benjamin Read more
COT report_Sterling_ECB

This data references the period ending Tuesday, September 5th. EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 9.8k contracts to take the total position to 96k contracts. This latest increase in buying strength came ahead of the ECB’s September meeting which was widely expected to see the ba...

2017-09-11 James Harte Read more
ECB Monetary Policy Preview

Economy & ECB Fuel EUR Rally EUR has been soaring higher over recent months as consistently strong data out of the eurozone, and a more constructive tone from the ECB have encouraged the market view that the ECB will be winding down its QE program sooner rather than later. At their summer meeting, the ECB said that decisions on QE would be ...

2017-09-07 James Harte Read more

While investors and traders alike eagerly anticipate the September monetary policy meeting, economic data from the Eurozone continues to show steady progress. This, in turn, is likely to put pressure on the European Central bank officials. At the last monetary policy meeting in August, ECB officials said that while the current pace of QE will r...

2017-08-09 John Benjamin Read more
ECB Draghi

The European Central Bank's meeting this week will most likely be a non-event as far changes to monetary policy is concerned. This includes the QE purchases staying unchanged at 60 billion euro per month while the key deposit and lending rates will remain steady. However, the fireworks could most likely come during the press conference when t...

2017-07-19 John Benjamin Read more
ECB GDP Draghi

Consumer prices in the eurozone which were seen making a lot of noise in the first few months of the year were seen pulling back after consumer prices touched 2% in February. Data released by Eurostat last week showed that consumer price index in the Eurozone increased 1.5%, slower than February's 2% increase and was seen to be slower than the ...

2017-04-04 John Benjamin Read more
Mario_Draghi_Orbex

The European Central Bank published the monetary policy accounts of the January 19th  meeting. Reports showed that policy makers wanted to keep the pace of stimulus purchases unchanged and did not show any intention of scaling back the central bank's QE purchases. The meeting minutes was in fact in stark contrast to the December meeting where so...

2017-02-21 John Benjamin Read more
ECB GDP Draghi

The European Central Bank's monetary policy meeting on Thursday saw the key interest rates being left unchanged alongside the central bank's asset purchases, in a widely expected move. The ECB is expected to maintain its asset purchase program at the current pace of 80 billion until March, following which it will continue purchasing bonds worth ...

2017-01-20 John Benjamin Read more
ECB Monetary Policy Preview

Image via European Central Bank The European Central Bank's meeting this Thursday is unlikely to prove to be a market mover as expectations are high that the central bank will be expanding its QE purchases. The ECB's governing council meets on Thursday, December 8 where the central bank is expected to announce its decision on whether it will e...

2016-12-07 John Benjamin Read more
ECB_Mario Draghi_0512

The markets will open a new week coming out fresh from the Italian referendum outcome and the Austrian elections. Focus will shift to the central banks this week as the RBA, BoC and the ECB will be meeting. In the UK, the Supreme Court will begin its 4-day hearing on the British government’s appeal on requiring parliamentary approval to trigger ...

2016-12-05 John Benjamin Read more